Spending Barely Grew In October, But Income Growth Picked Up

The good news: Americans' personal income grew 0.4 percent in October from September, the Bureau of Economic Analysis says. It's the best gain in seven months and could mean consumers will have enough money in hand to make the critical holiday shopping season a pretty good one.

The not-so-good news: Consumers didn't spend all that much in October — there was just a 0.1 percent gain, BEA says. But it followed a strong 0.7 percent increase the month before. So the trend over the two months was OK.